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JV Grabs Five Seaport Office Buildings for $74M

BOSTON-A joint venture between Newton-based National Development and Angelo, Gordon & Co. of New York, takes ownership of five Seaport District buildings.

By Beverly Ford | Updated on January 24, 2007

BOSTON-Berkeley Investments has sold off five Fort Point Channel office properties for $74.3 million to Newton-based National Development and Angelo, Gordon & Co. of New York. The buildings, which total approximately 333,000 sf, are the buyers’ first in the rapidly developing Seaport District.

The deal includes buildings at 332 and 374 Congress St. and 33-41, 43 and 44 Farnsworth St. along with a parking lot at 38 Farnsworth St. that an official with National Development tells GlobeSt.com has the potential for residential or commercial development.

Boston-based Berkeley purchased the buildings from Boston Wharf Co. for $100 million about three years ago as part of a larger 12-building, one-million-sf portfolio sale.

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